The story
UKRSIBBANK was founded in 1990. Over the first two years, it operated on the financial market as Kharkiv regional bank that serviced large corporate customers.
In 1996 the bank started opening branches in other regions of Ukraine, and since 2000 it has been building up an extensive branch network. Being actively engaged in servicing individuals and legal entities, UKRSIBBANK has been constantly extending the list of banking services and products and conquering new market segments.
In December 2005, UKRSIBBANK and BNP Paribas, one of the world's largest financial groups, signed a share purchase agreement on 51% of UKRSIBBANK's shares.
In April 2006, BNP Paribas became the strategic investor at UKRSIBBANK, with a share of 51%. In 2009, the share increased to 81.42%, and in 2010 to 99.99%. In August 2011, the procedure for the acquisition of 15% of shares of UKRSIBBANK was completed by the European Bank for Reconstruction and Development (EBRD), after which the share of BNP Paribas reduced to 84.99%.
In February 2016, the size of the EBRD's share increased to 40%, subsequently decreasing BNP Paribas' share to 59.99%.
In February 2018, BNP Paribas bought UKRSIBBANK shares from minority shareholders, increasing its share to 60%.
In 2021, Expert Rating Agency evaluated the long-term credit rating of Ukrsibbank as being at uaAAA according to the national Ukrainian scale—the highest level on the scale.
From Wikipedia’s article on Ukrsibbank, shared under CC BY-SA 4.0.4
